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Saudi Arabia Launches Project in Holy City Madinah near Prophet's Mosque

Saudi Arabia Launches Project in Holy City Madinah near Prophet's Mosque

BY Realty+
Published - Saturday, 27 Aug, 2022
Saudi Arabia Launches Project in Holy City Madinah near Prophet's Mosque

Saudi Arabia's Crown Prince Mohammed bin Salman revealed a master plan for the Rua Al Madinah project on a site to the east of the Prophet’s Mosque. Once completed, the development will boost the area's capacity, allowing it to host up to 30 mn Umrah pilgrims. The construction project is part of development efforts by the Public Investment Fund in line with the Kingdom's Vision 2030.

Under the project, to be built on an area of ??1.5 mn sq mt, 47,000 new hotel rooms will be available by 2030. Open spaces and green areas will comprise 63 per cent of the site. Luxury hotels, modern urban planning and large-scale development projects will contribute to an increased quality of life for visitors and people living in Saudi Arabia.

The initiative is being overseen by Rua Al Madinah Holding Company, a Public Investment Fund group that specialises in development, operation and property investment in Madinah. The project showcases many historical monuments that are of huge significance to the legacy of the Prophet Mohammed, while the holy city’s unique heritage is reflected in the design of all buildings and amenities.

 A metro station, routes for self-driving vehicles, nine bus stops and underground parking spaces will be included. Prince Mohammed is the chairman of the Council of Economic and Development Affairs and chairman of the Public Investment Fund.

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